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How cash ETFs keep your money working Nov 25th
It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash.... More »
Why budgets work (and don’t) May 17th
Save, invest, prosper with My Own Advisor.
Why budgets work (and don’t) Some financial experts will argue budgets don’t work because you can’t possibly predict the future. You can’t possibly set aside an accurate amount of money for various expenses that may or may not happen. You can’.... More »
University lecturer faces discipline over alleged bad investments that cost clients $324K Jun 15th
A financial adviser who teaches University of Regina business students how to manage investments is being prosecuted by an investment industry watchdog for allegedly mishandling the money of single mothers and retirees..... More »
Cenovus selling Palliser assets in Alberta to Torxen for $1.3B + MORE Oct 19th
Cenovus Energy Inc. says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion..... More »
How the Canada GST/HST tax credit works + MORE Aug 5th
For many working-class Canadians, rising costs make every dollar count. That’s where the GST/HST credit comes in. This credit is meant to support individuals and families with lower or modest incomes. If you qualify, you’ll receive payments from the Canada Revenue Agency (CRA) every three months.... More »
How tax optimisation can maximise the returns on your investment property
– IntelligentSpeculator.net
This article has been writen by George Kachmazov, managing partner of Tranio.com
If you’re not careful, taxes can eat away at the bulk of the income you should be earning on your foreign investment properties.
This fact alone sends chills down the spines of property investors everywhere. A recent survey conducted by Tranio.com revealed that 18% of property investors believe structuring purchases for maximum tax optimisation is the single most difficult part of acquiring real estate abroad.
To further complicate matters, more than 100 countries have committed to the Common Reporting Standard (CRS), an initiative developed by the Organization for Economic Co-operation and Development (OECD).
In accordance with the CRS, between 2017 and 2018 countries around the globe will launch the automatic exchange of financial account information, dispelling the opacity that previously enabled wealthy citizens to squirrel their money away into foreign bank accounts in order to dodge tax obligations in their home countries…
If you’re not careful, taxes can eat away at the bulk of the income you should be earning on your foreign investment properties.
This fact alone sends chills down the spines of property investors everywhere. A recent survey conducted by Tranio.com revealed that 18% of property investors believe structuring purchases for maximum tax optimisation is the single most difficult part of acquiring real estate abroad.
To further complicate matters, more than 100 countries have committed to the Common Reporting Standard (CRS), an initiative developed by the Organization for Economic Co-operation and Development (OECD).
In accordance with the CRS, between 2017 and 2018 countries around the globe will launch the automatic exchange of financial account information, dispelling the opacity that previously enabled wealthy citizens to squirrel their money away into foreign bank accounts in order to dodge tax obligations in their home countries…
